Founders Call: Infinite Hold Update

Markets are messy. Our conviction hasn’t changed.

This week’s Founders Call focuses on the three assets we continue to treat differently from everything else in our universe: Amazon, Tesla, and Bitcoin. Each one holds an infinite hold status, and each is trading at a level where we feel confident adding more.

Here’s where we stand:

✔️ Amazon: LikeFolio data points to sustained consumer strength. EPS continues to rise while the stock drifts lower, creating one of the widest valuation disconnects we’ve seen in years.

✔️ Tesla: Wall Street remains focused on delivery numbers, but that misses the bigger picture. Tesla is positioning itself to follow Apple’s blueprint, turning hardware into a recurring revenue platform. The Model Y refresh is slowing near-term deliveries, yet it sets the stage for long-term monetization through software, autonomy, and services.

✔️ Bitcoin: What stood out this month is how Bitcoin reacted when markets fell. As tech names sold off, Bitcoin found support. Buyers stepped in at levels typically associated with defensive rotation, even as gold rallied. It’s functioning both as a speculative growth asset and as a digital store of value. That dual role is beginning to show up in real-time price action — and it could prove to be the most important driver of long-term returns.

We continue to believe these are three of the most compelling long-term setups on our radar. Short-term volatility is providing opportunities to build positions with a multi-year time horizon.

Watch the full video below:

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